President Donald Trump and congressional Republicans are proposing a far-reaching plan to cut taxes for individuals and corporations, simplify the tax system and nearly double the standard deduction used by most Americans.
The White House and congressional Republicans are finalizing a tax plan that would slash the corporate rate while likely reducing the levy for the wealthiest Americans, with President Donald Trump ready to roll out the policy proposal at midweek.
President Donald Trump declared Wednesday that his push to overhaul the nation's tax system would "bring back Main Street by reducing the crushing tax burden," offering a populist appeal to a still-forming tax plan that would heavily benefit corporate America.
Democratic Gov. Roy Cooper wants more money going to education, rural economic development and other needs in North Carolina's final spending plan than Republicans have approved in their rival budgets so far.